The post StanChart believes Solana will outperform Bitcoin, Ethereum under Trump administration appeared on BitcoinEthereumNews.com.

Standard Chartered’s latest research reveals that Solana (SOL) could see substantial valuation growth if former President Donald Trump wins the election against Vice President Kamala Harris. According to the report, a Trump administration would be more favorable for Solana’s rise compared to Ethereum (ETH). The bank’s report posits that political shifts in Washington could dramatically influence the trajectory of leading digital assets in the coming years. The report, authored by StanChart’s head of crypto research, Geoffrey Kendrick, delves into the potential impact of a Trump or Harris presidency on the crypto market, particularly focusing on the future of SOL and ETH. It highlights the significant role US regulatory policy plays in shaping the future of digital assets. While both SOL and ETH are poised for growth, the political landscape could either accelerate or hinder their respective trajectories. In either scenario, Kendrick expects both cryptocurrencies to outperform Bitcoin (BTC) in the coming years, marking a potential shift in the blockchain space where altcoins take the lead. SOL’s potential under Trump Standard Chartered forecasts that under a Trump presidency, Solana could experience a valuation boom driven by its superior transaction processing speed and increased throughput. The report predicts that SOL could rise by 100x to 400x from its current value over the next several years, reaching as high as $10,000. Kendrick’s analysis attributes the potential surge to a pro-innovation regulatory landscape that Trump is expected to favor, allowing emerging technologies like Solana to capitalize on a more flexible market environment. According to the report: “Trump’s policies would likely allow for faster growth and easier regulatory pathways for blockchain platforms like Solana. In this scenario, SOL is projected to outperform ETH and even Bitcoin, cementing its place as a dominant force in the blockchain sector.” In addition to SOL’s potential growth, Standard Chartered…

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Filed under: News - @ October 8, 2024 7:22 pm